Thursday, December 8, 2011

What does available balance mean on bank statement?

I got my statement through from my bank and it says available balance and current balance and i dont understand what it means as there both different.|||Current balance is the amount of money you have in your bank account BEFORE any posted debits.





Available balance is the amount of money you have AFTER any posted debits. Your available balance should be LESS if you having pending transactions.





If you don't have pending transactions, then both current and available balance should be the same.|||Available balance is what you can spend and current balance is the balance before recent transactions are processed|||available balance = the amount you can withdraw at present





current balance = overall balance|||This is the amount you can actually use, the rest is needed for another transaction.|||If your available balance is higher than your current balance then it includes any authorised overdraft you may have.|||Available means the funds are cleared and you can draw on them.





Balance includes uncleared funds (cheques paid in but not yet cleared).|||Besides the balance of money available to you? Like a deeper meaning?|||It means once all your payments for the day have been deducted, you are left with your a. balance

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